Amendment to Illinois Mechanics Lien Act Authorizes Bonding Over of Mechanics Liens Claims
As of January 1, 2016, an amendment to the Illinois Mechanics Lien Act, 770 ILCS. 60/38.1, allows parties with an interest in real estate to substitute an eligible surety bond for a claim for mechanics lien as security for real estate. The law will change the way many construction projects are handled in Illinois. Read the article…………..
With one week remaining in the 2014 legislative session, Senate Bill 14 – 220 (“SB 220”) was introduced yesterday evening
Construction defects bill would tackle this vexing problem by trying to control insurance rates (CO)
Every year, Colorado legislators pledge to tackle construction defects reform, and every year it doesn’t happen. Democrats and Republicans swear
New rules on condominiums affected by HR3700 (The Housing Opportunity Through Modernization Act of 2016) that must make them eligible